Originally posted by snowdragon
I read that, what are your thoughts on that specifically?
It think it's great and looking towards where the future of energy is heading. As noted, oil and gas will not being going away completely, not anytime soon, but we're going to be replacing those more and more with solar, hydrogen and wind, we need to accept this reality sooner than later.
Pure electric cars account for around 1% (or less) of the cars in the US, that's going to change dramatically in the next decade and beyond, exponentially too. Tesla stock is trading at $850+, sure it's over-evaluated, but it's in part because they're ahead of the curve in electric cars and solar energy/batteries and people are looking forward, banking on the future with Tesla (Musk can still go **** himself in the face though) and similar companies trailblazing. Ford is at $11.00 and they have the best selling truck in the US 39 years running.
Even if Biden's proposal to "stop all climate-damaging emissions from U.S. power plants by 2035" is lofty, it at least sets a goal and tone.
Edit: I forget who said it, but Tesla trades like a tech company, not automotive.